American Airlines shares tumble to a 2-year low [CNBC]
United Airlines Holdings, Inc. (UAL)
Last united airlines holdings, inc. earnings: 4/30 04:30 pm
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Source: CNBC
show chapters Shares of American Airlines plunged more than 6 percent to a more than two-year low on Tuesday, after the carrier said its fuel costs were higher than it previously expected in the last quarter, and it detailed the impact from Hurricane Florence last month. American shares fell to $33.55, its lowest closing price since August 2016, according to FactSet. The company's stock is down more than 35 percent so far this year, more than any other U.S. airline, ramping up pressure on CEO Doug Parker to persuade investors that the carrier can grow profits, even as fuel prices climb. The airline will report third-quarter earnings later this month. Analysts polled by Thomson Reuters expect the carrier to post a per-share profit of $1.21, down close to 15 percent from the year-earlier period. In an investor update released Tuesday morning, American said Hurricane Florence last month cost it $55 million in revenue in the quarter ended Sept. 30,
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Sec Filings
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- 4/23/24 - Form 8-A12B/A
- UAL's page on the SEC website